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. >> reporter: well, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in peop
. >> reporter: well, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates...
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Dec 28, 2012
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getting lost in the rhetoric are everyday americans like my next guest, she says washington needs to know how important the fiscal cliff is to those who are out of work, specifically to the 2 million americans who will lose their federal unemployment benefits an average of about $300 a week if no deal is reached. >> good morning. >> you were laid off a year ago. tell us your story. >> well, yes, i was laid off a year ago around this time in december. and i received employment so i've been trying to look for a job which has been very difficult, on the internet every day. i also tried to start my own small business in the same field, janitorial services, which the whole thing of not having any money has caused a great hardship because i'm unable now to finance my business as well or get a small business loan because i don't have a job. >> $300, i just want to jump in, i apologize for cutting you off $300 a week doesn't get you very far to the point of financing a business. how much did this cover just your everyday expenses of living and taking care of your grocery bill and all that yo
getting lost in the rhetoric are everyday americans like my next guest, she says washington needs to know how important the fiscal cliff is to those who are out of work, specifically to the 2 million americans who will lose their federal unemployment benefits an average of about $300 a week if no deal is reached. >> good morning. >> you were laid off a year ago. tell us your story. >> well, yes, i was laid off a year ago around this time in december. and i received employment...
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Dec 27, 2012
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in washington, lisa will walk us through. first, let's explain what exactly the debt limit is and it sounds like maxing out a credit card, but not precisely so. >> that's right. it is not like maxing out your credit card. we are going to make it as interesting as possible. it is important. the debt limit is not like maxing out your credit card. this is money we spent as a nation. this is a lot more like buying a house. committing to a $200,000 house and signing the papers and imposing a rule on yourself that you can only borrow $100,000. you need $200,000 and you spent the money, but you have the cap that you imposed on yourself. that's what the debt limit is. we will look at where we are with this handy graphic. the debt limit is $16.394 trillion. where are we now? we are at 16.337. we are just under the limit. almost reached our capacity. >> getting that far, it's our own fault and putting ourselves in this predicament. our own fault as well. listen. the debt, we were not supposed to reach the limit until february or march
in washington, lisa will walk us through. first, let's explain what exactly the debt limit is and it sounds like maxing out a credit card, but not precisely so. >> that's right. it is not like maxing out your credit card. we are going to make it as interesting as possible. it is important. the debt limit is not like maxing out your credit card. this is money we spent as a nation. this is a lot more like buying a house. committing to a $200,000 house and signing the papers and imposing a...
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Dec 27, 2012
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>> thank you very much, washington. alison kosik thank you so much. >>> growing outrage over the decision of a new york newspaper to publish a map with the names and addresses of people who have gun permits. the interactive map was created with information available publicly. it pinpoints the location of legally licensed permit holders for handguns. we reached out for a statement from the newspaper, it sent us this, "the massacre in newtown, connecticut, remains at top-of-mind for many of our readers. or readers are understandably and keenly interested to know about who owns guns in their neighborhoods." scott summervila is president of the westchester new york fire owner association. he is on the list and joins me this morning. >> good morning, how are you? >> i'm good. you opened the newspaper and see your name, is that how you found out? >> yeah, actually i got a bunch of phone calls and said hey, by the way, this is not the first time they've done it. they've printed our names in the past but it's the first time the
>> thank you very much, washington. alison kosik thank you so much. >>> growing outrage over the decision of a new york newspaper to publish a map with the names and addresses of people who have gun permits. the interactive map was created with information available publicly. it pinpoints the location of legally licensed permit holders for handguns. we reached out for a statement from the newspaper, it sent us this, "the massacre in newtown, connecticut, remains at...
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Dec 26, 2012
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six days, dana bash, from washington. thank you. >> reporter: thank you. >>> now to this wild weather causing a headache for holiday travelers. snow and sleet are disrupting things for drivers in indiana right now. the day after christmas usually means a trip to the mall. for a lot of people. checking for sales or exchanges, you know the deal. but for people like the ones you're seeing now, and others in the midwest and south, this is cleanup time. they have got the shovels out. they have got the snow blowers. they have got to clear that ice after tornadoes also like this one touched down last night. look. >> it's right there. >> we got to hurry up and get past. >> yeah, this is one of 30 tornadoes that spun out of the storm system that damaged at least 125 homes and businesses. happened across alabama, other parts of the south overnight. and we have learned now that more than 25 people were injured in mississippi. three people died in texas, oklahoma and arkansas. officials are working to restore power to about 21,000 cu
six days, dana bash, from washington. thank you. >> reporter: thank you. >>> now to this wild weather causing a headache for holiday travelers. snow and sleet are disrupting things for drivers in indiana right now. the day after christmas usually means a trip to the mall. for a lot of people. checking for sales or exchanges, you know the deal. but for people like the ones you're seeing now, and others in the midwest and south, this is cleanup time. they have got the shovels out....
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Dec 26, 2012
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this is not something abstract on the washington level. people need to appreciate if the country goes over the fiscal cliff, it will impact the bottom line as well. money out of their pocket in the form of tax hikes. >> we have stop gap measures. there are some things they can do. what are they at least talking about? >> the president said in his friday press conference that he was hoping for not a grand bargain but a piecemeal. let's come up to an agreement so that the vast majority of americans don't have their taxes hiked and unemployment insurance is extended for 2 million americans who it is set to expire on and we can deal with fundamental tax reform in the new year. the hope for a grand bargain looks like it is too big to hope for in the next few days, but not having taxes go up on 98% of americans, that should be do-able. making sure that 2 million americans aren't kicked off the welfare rolls should be do-able. >> john, remind us what the consequences are if nothing happens in six days. >> suzanne, this is important for folks to a
this is not something abstract on the washington level. people need to appreciate if the country goes over the fiscal cliff, it will impact the bottom line as well. money out of their pocket in the form of tax hikes. >> we have stop gap measures. there are some things they can do. what are they at least talking about? >> the president said in his friday press conference that he was hoping for not a grand bargain but a piecemeal. let's come up to an agreement so that the vast...
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Dec 26, 2012
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in washington, d.c., there's the white house in the distance. we are looking at some nasty weather working its way through the mid-atlantic and the northeast. it's not going to get any better looking forward. you can see we're looking at heavy, heavy snow, a foot or more in interior new england. that will start tonight into tomorrow. this is a massive storm impacting millions of people. >> be careful out there. bonnie schneider, thanks so much. >>> guess what? it's boxing day in the uk, canada and several other countries. and shoppers are mopping the stores. these pictures show crowds in london this morning. 26th of december is a lot like black friday here in the united states. analysts expect 4 million british shoppers will spend nearly $5 billion today. back here at home, should be a similar scene today as people return unwanted gifts and jump on those big postholiday sales and we do mean big. check out this deal from best buy. a 32-inch tv for under 200 bucks. those are the kinds of deals we're seeing today. alison kosik is at the new york st
in washington, d.c., there's the white house in the distance. we are looking at some nasty weather working its way through the mid-atlantic and the northeast. it's not going to get any better looking forward. you can see we're looking at heavy, heavy snow, a foot or more in interior new england. that will start tonight into tomorrow. this is a massive storm impacting millions of people. >> be careful out there. bonnie schneider, thanks so much. >>> guess what? it's boxing day in...
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do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the fiscal cliff. stay with cnn for any movement on that standoff day or night. we're the woolstons in turkey. i'm joel. >> katy, sidney, brittany. >> we'd like
do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll...
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Dec 25, 2012
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lawmakers and the president left washington for christmas break and are expected back in town in washington before the end of the week. >>> call it terrible timing, netflix is apologizing for its christmas eve outage. the popular streaming service sent out a tweet last night saying that engineers were working to fix the problem. according to the "wall street journal", netflix blames the outage on technical problems at amazon.com which delivers internet service for many websites. >>> russia's biggest christmas tree on display in the kremlin's cathedral square in moscow. they decorated the tree with a patriotic theme symbolizing the russian flag. many russians are eastern orthodox christians and celebrate christmas on jeanne 7 january 7th. >>> and nothing says christmas like a tree. jeanne moos explain. >> reporter: maybe if this homeowner had measured better his christmas tree wouldn't have burst through the roof. >> that's crazy. >> reporter: what's crazy is how crazy everyone is about this christmas tree stunt that really doesn't stump anyone for more than a few seconds. >> we bought a 14
lawmakers and the president left washington for christmas break and are expected back in town in washington before the end of the week. >>> call it terrible timing, netflix is apologizing for its christmas eve outage. the popular streaming service sent out a tweet last night saying that engineers were working to fix the problem. according to the "wall street journal", netflix blames the outage on technical problems at amazon.com which delivers internet service for many...
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Dec 24, 2012
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>> classic washington trial balloon. the nomination isn't out, nomination hasn't been made, but the pins are sticking in that trial balloon. first, senator hagel apologized for comments he made back around 1997, 1998 when there was a man who was openly gay about to become an ambassador, hagel opposed all of that, made some comments about gay people. now he says all these years later he regrets it, it is not what he believes. and by all accounts members of those who represent pro gay rights movements in washington have accepted senator hagel's apology on that. item number two, a lot of questions about whether hagel is tough enough on iran. did he cast some votes in the senate that did not support sanctions against iran? number three, israel. this may be the one that gets the most traction and already has, in fact. a lot of pro israeli groups are saying that senator hagel simply isn't supportive enough of israel. before we get to that, i have to tell you, a lot of his supporters say he is, they point to his votes on both s
>> classic washington trial balloon. the nomination isn't out, nomination hasn't been made, but the pins are sticking in that trial balloon. first, senator hagel apologized for comments he made back around 1997, 1998 when there was a man who was openly gay about to become an ambassador, hagel opposed all of that, made some comments about gay people. now he says all these years later he regrets it, it is not what he believes. and by all accounts members of those who represent pro gay...
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Dec 24, 2012
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this is stevens pass, washington. a stretch of highway he 2 was impassable because of heavy snow and wind. it caused major detours for holiday travelers. this is san francisco. rough surf and wind-driven rain making for some lousy christmas eve weather thanks to a second storm system hitting northern california causing major flight delays as well. millions, of course, are traveling today. how will the weather impact your travel? we'll bring in alexandre steele in the center. i'm here in d.c. without any holiday mess, but the mess is on its way, huh? >> it's coming right to the west of you guys. hi everyone. what we see is an incredible storm developing. this is a look at the current radar. this is the opening band. the main act is to the west. look at this. this is where we see delays in atlanta's airport and through the mid-atlantic. suzanne just getting there in time. you see all wet weather heading your way, but that's not the big storm. that's not the big christmas storm. here it is farther to the west. all right.
this is stevens pass, washington. a stretch of highway he 2 was impassable because of heavy snow and wind. it caused major detours for holiday travelers. this is san francisco. rough surf and wind-driven rain making for some lousy christmas eve weather thanks to a second storm system hitting northern california causing major flight delays as well. millions, of course, are traveling today. how will the weather impact your travel? we'll bring in alexandre steele in the center. i'm here in d.c....
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Dec 24, 2012
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she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that house republicans have clearly rebelled against john boehner, can t
she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of...
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dana bash is in washington. what are lawmakers saying? are some of them sticking by their guns and saying there needs to be more gun laws or are they sofltening their stand now? >> i do not detect a wide number of republicans softening their stance when it comes to gun rights. at the same time, they don't seem to be running towards the idea that the nra laid out on friday, which is to put armed police officers at every school in this country. not even close. listen to what two republican senators said about that idea yesterday. >> we had an armed guard in columbine. we had an assault ban. neither one of them worked. we're talking about preventing mass murder. people who are not traditionallitraditionally criminals. i don't know if there's anything lindsey graham to stop somebody there's hell bents on doing this. >> the president is eager to go over the cliff for political purposes. hee sees a political victory. he gets tax revenue for programs and cut the military which democrats have been calling for for years and he gets to blame republ
dana bash is in washington. what are lawmakers saying? are some of them sticking by their guns and saying there needs to be more gun laws or are they sofltening their stand now? >> i do not detect a wide number of republicans softening their stance when it comes to gun rights. at the same time, they don't seem to be running towards the idea that the nra laid out on friday, which is to put armed police officers at every school in this country. not even close. listen to what two republican...
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Dec 24, 2012
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sorry i cut you off. >> what she described is a microcosm of what's wrong in washington. there's this notion that the nra is a defender of the second amendment and the fact is that our elected officials and the president are supposed to be defenders of the second amendment, defenders of the constitution, not a lobbying group but it's the lobbyists who have our government by the throats, not the voters but the lobbyists. you're seeing politicians make decisions based on what they think the money is going to say from the lobbying groups. the nra is one example. once upon a time, we were against cigarette companies and tobacco companies to do the right thing. what we're experiencing right now, is the same thing we're going to continue to experience until we get serious about the way we're being governed and who's actually governing us. >> l.z. granderson and anna navarro, thank you. >>> their job was to make people laugh, but not these days. how a connecticut morning radio show has become a way for listeners to heal. powerful words coming up. >>> connecticut's number one fm
sorry i cut you off. >> what she described is a microcosm of what's wrong in washington. there's this notion that the nra is a defender of the second amendment and the fact is that our elected officials and the president are supposed to be defenders of the second amendment, defenders of the constitution, not a lobbying group but it's the lobbyists who have our government by the throats, not the voters but the lobbyists. you're seeing politicians make decisions based on what they think the...
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Dec 24, 2012
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barbara starr, cnn, washington. >> barbara, thank you. the brady campaign to prevent gun violence weighed in on the current debate. they released a statement from a father whose 8-year-old son was saved from bullets by a courageous teacher at sandy hook elementary. he writes, our hearts are heavy this holiday in newtown. nothing will bring our children back or ease the pain we all feel. but we can do something to make this nation safer. we can make this the nation we all want. so today i want to speak specifically to all responsible gun owners and nra members with the message to join us. join us because you know in your heart that we are better than this. hope you're listening. >>> coming up in 30 minutes here, i'm going to talk to ken trump. he says calls for arming teachers, making kids wear bulletproof backpacks, and teaching kids to attacked armed intruders is borderline insane. that's at 7:30 eastern right here on cnn. >>> is congress ready to do a thelma and louise and plunge over the fiscal cliff? some lawmakers sounded gloomy abou
barbara starr, cnn, washington. >> barbara, thank you. the brady campaign to prevent gun violence weighed in on the current debate. they released a statement from a father whose 8-year-old son was saved from bullets by a courageous teacher at sandy hook elementary. he writes, our hearts are heavy this holiday in newtown. nothing will bring our children back or ease the pain we all feel. but we can do something to make this nation safer. we can make this the nation we all want. so today i...
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Dec 23, 2012
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kahol armstrong is a top chef in washington d.c. his restaurant, eve, has been serving the randall lineback for four years. a pleasure for the palate. conservation is an extra side dish. many diners would hardly recognize this organic, lean grass-fed meat as beef. a far cry from the fatty, marbled steaks american diners crave, and more than three times the cost, meaning only exclusive chefs like armstrong can get their hands on the delicate and difficult to prepare meat. >> this is never going to be in mcdonald's, so this animal has got to go to higher-end use. >> what's the most important thing? saving a cow or that you're creating this new eating experience? >> for me the most important thing is you're saving an animal that would otherwise go extinct. i think it's a piece of the nature and natural beauty that just needs to be kept going. >> reporter: dan lothian, cnn, chapel hill farms, virginia. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cab
kahol armstrong is a top chef in washington d.c. his restaurant, eve, has been serving the randall lineback for four years. a pleasure for the palate. conservation is an extra side dish. many diners would hardly recognize this organic, lean grass-fed meat as beef. a far cry from the fatty, marbled steaks american diners crave, and more than three times the cost, meaning only exclusive chefs like armstrong can get their hands on the delicate and difficult to prepare meat. >> this is never...
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is washington next? is this oscar winner ready to be a u.s. senator, people are asking him? we have his answer. >>> america's wounded warriors say why they still have reasons to give thanks this christmas. >>> he is known for his award-winning acting in films but could ben affleck be seriously thinking about dumping hollywood for washington? he lives in massachusetts where a u.s. senate seat could open up if john kerry becomes secretary of state. here's what he said today. >> well, one never knows. i'm not one to get into conjecture. i do have a great fondness and admiration for the political process in this country. it's a big deal for know come down here and be on your show they've watched so much, but i'm not going to get into speculation about my political future. >> senator cannery has been nominated to replace secretary of state hillary clinton. he is considered a shoo-in for confirmation, there is likely there will be a vacant seat for the taking in massachusetts soon. >>> cnn newsroom with don lemon coming up in a few minutes. don is here to tell tell us what's ahead
is washington next? is this oscar winner ready to be a u.s. senator, people are asking him? we have his answer. >>> america's wounded warriors say why they still have reasons to give thanks this christmas. >>> he is known for his award-winning acting in films but could ben affleck be seriously thinking about dumping hollywood for washington? he lives in massachusetts where a u.s. senate seat could open up if john kerry becomes secretary of state. here's what he said today....
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Dec 23, 2012
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lisa sylvester, cnn, washington. le >>> as the war in syria goes on, thousands in the country are hoping for humanitarian assistance. we will talk to someone from doctors without borders on the horrifying situation there. eavek and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> since the war in syria started, 40,000 people have been kill and the united nations estimates 2.5 million people need humanitarian assistance. the international medical humanitarian organization, doctors without borders, says in one city alone there are tens of thousands of peop
lisa sylvester, cnn, washington. le >>> as the war in syria goes on, thousands in the country are hoping for humanitarian assistance. we will talk to someone from doctors without borders on the horrifying situation there. eavek and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class....
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Dec 23, 2012
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he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through apartment buildings and filled the streets with debris. more than 140 people reportedly died in attacks across syria, most in damascus and its suburbs. >>> india, riot police blasted protesters with high-pressure water hoses trying to break up massive angry rallys against the government. people are furious after a woman reportedly gang raped and beaten on a moving city bus last weekend. protesters demanding changes to india's laws regarding rape saying women are not safe in new delhi and other cities in india. >>> a former marine spent more than four months at a mexican prison is free and heading home to florida. john hammer locked up in august on weapons charges. his family says he was physically abused in custody. threatened. chained to a bed, and never saw a judge. u.s. lawmakers and diplomats got involved on hammer's behalf
he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through apartment buildings and filled the streets with debris. more than 140 people reportedly died in attacks across syria, most in damascus and its suburbs. >>> india, riot police blasted protesters with high-pressure water hoses trying to...
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Dec 22, 2012
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both men left washington for the holidays. president obama and family are in his native hawaii for a short christmas break. we'll have a live report from hawaii and the latest on the fiscal cliff talks a few minutes as well. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that is a class action settlement amount they agreed to pay, about 100,000 businesses and individuals hurt by the biggest oil spill in american history. a federal judge formized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits on their own. >>> in egypt today, more effects of a brand-new government's growing pains. the vice president is out. he is stepping down there. this man, mahmud mechanicy announced political life does not agree with him, and he'll go back to being a judge. it's the same day the egyptian people are voting for a second straight weekend on proposed changes to the country new islamist backed constitution. egypt's new president gave himself near ab
both men left washington for the holidays. president obama and family are in his native hawaii for a short christmas break. we'll have a live report from hawaii and the latest on the fiscal cliff talks a few minutes as well. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that is a class action settlement amount they agreed to pay, about 100,000 businesses and individuals hurt by the biggest oil spill in american history. a federal judge formized the...
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Dec 22, 2012
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about 40 miles of i-95 south of washington, d.c. is just on the national highway traffic and safety administration website just red with flags all the way through. jackknifed tractor-trailer, cars on the side of the road. as that storm moves east. now, there are also some problems at the airports. we have ground delays in san francisco on the west coast because of wind from a storm coming in from the pacific. also the storm on the east coast. you've grot got ground delays in newark and also at dulles in virginia just outside of d.c. that's going to be a problem. there's also some delays in fort lauderdale at the ft. lauderdale hollywood international airport but that's because of construction. so some problems that could cause a ripple effect at other airports but overall, nationwide, when you think about how many people are on the road, 40 miles of i-95 south of d.c. is not really that bad, miguel. >> power outages, any branching breaking lines that we often see? >> we know here in cleveland we saw a guy this morning when we out to
about 40 miles of i-95 south of washington, d.c. is just on the national highway traffic and safety administration website just red with flags all the way through. jackknifed tractor-trailer, cars on the side of the road. as that storm moves east. now, there are also some problems at the airports. we have ground delays in san francisco on the west coast because of wind from a storm coming in from the pacific. also the storm on the east coast. you've grot got ground delays in newark and also at...
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he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners react? >> well, i think they're going to react in a negative way because you mentioned the lack of confidence, a lack of certainty that's going to result, and that's absolutely the case. if you're a business owner and you're thinking about maybe expanding, if you're someone who's thinking about starting a business, which is what we need in this economy, this is not the time you're going to do that. you're going to put those plans off until you see how this all will get resolved. there's lots of practical questions for other business owners as well this would queue up. >> hasn't a lot of that slowing down already happened in the previous months since -- you know, i've been talking to folks since october, november. they've stopped hiring. they aren't putting in as many orders. isn't a lot of that already under way? do you expect it to get worse? >> it will get wo
he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners react? >> well, i think they're going to react in a negative way because you mentioned the lack of confidence, a lack of certainty that's going to result, and that's absolutely the case. if you're a business owner and you're thinking about maybe expanding, if you're someone who's thinking about starting a business, which is what we...
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happy holidays, washington. for more in depth coverage of the issues, tune into "your money" at saturday at 1:00 and sunday at 3:00 p.m. eastern. i'm out. 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to h
happy holidays, washington. for more in depth coverage of the issues, tune into "your money" at saturday at 1:00 and sunday at 3:00 p.m. eastern. i'm out. 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. starts with arthritis...
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kate bolduan, cnn, washington. >> elise joins us from the state department. elise, give us a sense of some of the real big issues, the big concerns that he'll walk into if he is confirmed. >> well, i think, suzanne, clearly the middle east and all of the issues surrounding that. you have what's going on in egypt with president morsi and questions about his commitments to democracy and certainly the crisis in syria and how the u.s. is going to a, get rid of president bashar al assad and stand up the syrian people and help them recover once assad is out. the crisis in iran with its nuclear program and trying to get a deal this year, 2013 is seen as a real pivotal year in terms of having to deal with iran's nuclear program and then what's going on with asia and last week you have north korea testing that long-range missile. there are a lot of questions about what's going on with the leader there and this whole u.s. pivot to asia and trying to work more cooperatively to counter china. so certainly senator kerry, if he becomes the next secretary of state have a fu
kate bolduan, cnn, washington. >> elise joins us from the state department. elise, give us a sense of some of the real big issues, the big concerns that he'll walk into if he is confirmed. >> well, i think, suzanne, clearly the middle east and all of the issues surrounding that. you have what's going on in egypt with president morsi and questions about his commitments to democracy and certainly the crisis in syria and how the u.s. is going to a, get rid of president bashar al assad...
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live picture now from washington. that's where they're going to speak. wayne lapierre is going to speak, the head of the nra. we got a warning two minutes ago that it would be two minutes. we're waiting for him to show up. the nra is america's premiere gun rights lobby. it may be facing its biggest challenge in years as many americans shocked, they were shocked by newtown and they're calling for tougher restrictions on guns and ammunition, and while we wait for the group's executive director to appear, wayne lapierre, i want to bring in several of my colleagues now. first off, wolf blitzer is here, jessica yellin is at the white house, dana bash on capitol hill, and jeffrey toobin is in new york for us. as we wait, wolf, let's start with you. is this, in fact, a turning point for guns in america? do you think we'll hear anything like that in this press conference? >> i know a lot of attitudes have hardened as a result of what has happened over the past week in newtown, connecticut. you were there, i was there, and people all over the country and all over
live picture now from washington. that's where they're going to speak. wayne lapierre is going to speak, the head of the nra. we got a warning two minutes ago that it would be two minutes. we're waiting for him to show up. the nra is america's premiere gun rights lobby. it may be facing its biggest challenge in years as many americans shocked, they were shocked by newtown and they're calling for tougher restrictions on guns and ammunition, and while we wait for the group's executive director to...
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democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy, and he simply won't deal honestly with entitlement reform and the big issues that are facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we'll continue to work with our colleagues in the house and the senate on a plan that protects families and small businesses from the fiscal cliff. again, i think we saw last night yet the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to doing something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialogue with this president to actually fix the problem. i hope that we see that our
democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy, and he simply won't deal honestly with entitlement reform and the big issues that are facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we'll continue to...
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this pressure grows in washington to tighten gun laws. the gun maker and stocks took a hit in the aftermath after a rough start to the week. gunmakers started on the road to recovery on wednesday. today smith and wesson is trading lower and the stock has done well by investors with year to date gains of 89% versus about 15% for the s&p 500. it is seeing gapes of 31% so far this year. maybe investors see a rush of americans buying more firearms in anticipation of stricker gun laws or betting that they will stay the same despite the public outrage. either way the u.s. is by far the largest retail gun market in the world with estimates for overall sales for 2012 approaching 20 million firearms. let me give you more perspective on how well they do. more gun retailers today than mcdonald's restaurants and super markets combined. something to think about as the gun debate continues. for more indepth coverage, tune in at 3:00 p.m. eastern from the money newsroom in new york. same time tomorrow. 315 horsepower. what's that in reindeer-power? [ la
this pressure grows in washington to tighten gun laws. the gun maker and stocks took a hit in the aftermath after a rough start to the week. gunmakers started on the road to recovery on wednesday. today smith and wesson is trading lower and the stock has done well by investors with year to date gains of 89% versus about 15% for the s&p 500. it is seeing gapes of 31% so far this year. maybe investors see a rush of americans buying more firearms in anticipation of stricker gun laws or betting...
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he's going to stay in washington to try and get it done. do we expect they'll all sit in their seats trying to hash something out before the new year? >> reporter: well, as i said, the two people who are going to have to do this now again, according to all sides, has to be the president and the speaker. the president is delaying his trip he says. we're going to hear from the speaker about what his plans are. we heard from the senate's top democrat, the senate majority leader he plans to go to the funeral or the memorial service for senator daniel inoyae and a funeral in hawaii and we're up to christmas eve and christmas. the senate won't come back until next week, you can hope when they get back they'll have something to vote on, but it's too close to call right now. we just don't know. >> dana, thank you. appreciate it. >>> like the debate over expiring tax cuts, weather unpredictab unpredictable. just ahead the official start of winter. wisconsin governor scott walker called for a state of emergency as a severe storm now pummels the state
he's going to stay in washington to try and get it done. do we expect they'll all sit in their seats trying to hash something out before the new year? >> reporter: well, as i said, the two people who are going to have to do this now again, according to all sides, has to be the president and the speaker. the president is delaying his trip he says. we're going to hear from the speaker about what his plans are. we heard from the senate's top democrat, the senate majority leader he plans to...
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. >>> oh, my god. >> oh! >> yikes. that's how hollywood sees it. that's hollywood's version of doomsday from the movie "2012." awesome and great. i love those effects. a lot of people are convinced that the world as we know it is going to end, in fact, tomorrow. it's
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. santho, ho, ho!anta! santa! want to see some magic? watch this!...
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that's not the case when it comes to washington. we'll tell you why the fiscal cliff talks aren't so jolly. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> oh the poll days aholidays time for people to put aside their differences and get together. it was five days ago, just five days that speaker of the house john boehner issued this statement, "i join the president and all americans in sending prayers and condolences to the victims and loved ones of newtown, connecticut." he sa
that's not the case when it comes to washington. we'll tell you why the fiscal cliff talks aren't so jolly. [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared...
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Dec 19, 2012
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you know washington, you've covered washington for years. is that even possible? >> reporter: it is still to be seen and you can't really overstate how difficult of an issue this is to tackle in washington and in congress, brooke. but the president laid out a timeline where he said vice president biden and this -- essentially a task force is going to be giving him specific policy recommendations no later than january and he said he wants congress to act in a timely fashion, next year. so meaning toward the beginning of the year, that's the extent of the timeline he laid out there. but i think what was also interesting was that he talked about appealing to the american people. and obviously this is something that he's been used to doing as he's been campaigning and tried to do this on the fiscal cliff as well. he made it very clear he will be using the bully pulpit to try to persuade americans and to really sort of seize the moment of just how people have responded differently to the shooting. let me tell you, he had -- he has talked -- the white house talked and h
you know washington, you've covered washington for years. is that even possible? >> reporter: it is still to be seen and you can't really overstate how difficult of an issue this is to tackle in washington and in congress, brooke. but the president laid out a timeline where he said vice president biden and this -- essentially a task force is going to be giving him specific policy recommendations no later than january and he said he wants congress to act in a timely fashion, next year. so...
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this is not some washington commission. this is not something where folks are going to be studying the issues for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task, to pull together real reforms right now. i asked joe to lead this effort in part because he wrote the 1994 crime bill that helped law enforcement bring down the rate of violent crime in this country. that plan -- that bill also included the assault weapons ban that was publicly supported at the time by former presidents including ronald reagan. the good news is there's already a growing consensus for us to build from. a majority of americans support banning the sale of military-style assault weapons. a majority of americans support banning the sale of high capacity ammunition clips. a majority of americans support laws requires background checks before all gun purchases so that criminals can't take advantage of legal loopholes to buy a gun from somebody who won't take the responsibility of doing
this is not some washington commission. this is not something where folks are going to be studying the issues for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task, to pull together real reforms right now. i asked joe to lead this effort in part because he wrote the 1994 crime bill that helped law enforcement bring down the rate of violent crime in this country. that plan -- that bill also included the assault weapons ban that...
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>> there is a huge debate in washington, and there has been ever since i have come to washington there has been a huge debate over guns, and gun control and assault weapons bans and background checks and gun shows and i have been hearing this debate for years and it is a debate that tnlz to resonate now and people feel very strongly on both sides and on the one hand people say less guns, that's better, and the other hand people want to have self protection and be able to protect themselves in their homes and be able to protect their families and so they want guns and this debate will go on. i am not saying i have the answers and i am not saying there are easy answers to this debate. in the immediate aftermath of a disaster like we just saw, i suspect that the debate will intensify at least in the short-term before we move onto something else. >> and dana bash, if you could weigh in on that as well. wolf alluded to the idea, the who, the why, the mandate, and all of these things that will be critical, maybe clues as to just how much teeth any initiative may have. are you getting any ear
>> there is a huge debate in washington, and there has been ever since i have come to washington there has been a huge debate over guns, and gun control and assault weapons bans and background checks and gun shows and i have been hearing this debate for years and it is a debate that tnlz to resonate now and people feel very strongly on both sides and on the one hand people say less guns, that's better, and the other hand people want to have self protection and be able to protect...
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> good morning. thank you so much for joining me. i'm carol costello. it is now 30 minutes past the hour. time to take a look at what we're watching right now in the "newsroom." the vice president joe biden taking a lead role as the white house looks to address the gun debate. at 11:45 this morning eastern time, president obama expected to announce that joe biden will head an interagency process to develop policy following the connecticut school shooting. specific policy decisions won't be announced today, but the president will outline his plan going forward. >>> in the wake of the shooting at sandy hook elementary school, one senator
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> good morning. thank you so much for joining me. i'm...
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we have a friend freenzy of mov washington. let me just do a quick reset here so we can all understand where we stand. so this time yesterday we were reporting a major concession on the part of house speaker john boehner. his very first offer of higher tax rates, higher rates for anyone making more than a million bucks a year. well, quick as a whip here, the president gave some as well. he moved his bar for the tax hike from incomes starting at a quarter million dollars, that with a his earlier stance, to incomes beginning a bit higher at $400,000 a year. the president also offering significant spending cuts, including cuts in social security payments to better off seniors, plus a promise of health savings further down the road. i know, i know it is a lot to follow. bottom line, though, things seem to be moving along, perhaps in the right direction. but then boehner tossed a curveball here. for that, let's go to senior congressional correspondent dana bash who will walk me through this here. let's hold off if you would on the b
we have a friend freenzy of mov washington. let me just do a quick reset here so we can all understand where we stand. so this time yesterday we were reporting a major concession on the part of house speaker john boehner. his very first offer of higher tax rates, higher rates for anyone making more than a million bucks a year. well, quick as a whip here, the president gave some as well. he moved his bar for the tax hike from incomes starting at a quarter million dollars, that with a his earlier...
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i think there was a level of optimism here in washington that this deal could get done soon. now, you have speaker incumbentincumben incumbentincumbenboehner with plan b, to avoid some of the effects of the so-called fiscal cliff. secretary -- press secretary here jay carney putting out a statement a short time ago saying, quote, the parameters of a deal are clear and the president's willing to work to reach a bipartisan solution that averts the first, protects middle class, helps the economy and puts our nation on a fiscally sustainable path but not willing to accept a deal that doesn't ask enough of the very wealthiest in taxes and instead shifts the burden to the middle class and seniors. the speaker's plan b approach doesn't meet this test. and it really has been a back and forth because we soon heard back from speaker boehner's office, bran dan bucks saying, the white house's position defies common sense. what is clear, though, that is both sides here, despite the back and forth in the plan b, both sides say that they're willing to sit down and work on an agreement, this
i think there was a level of optimism here in washington that this deal could get done soon. now, you have speaker incumbentincumben incumbentincumbenboehner with plan b, to avoid some of the effects of the so-called fiscal cliff. secretary -- press secretary here jay carney putting out a statement a short time ago saying, quote, the parameters of a deal are clear and the president's willing to work to reach a bipartisan solution that averts the first, protects middle class, helps the economy...
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. >>> some business out of washington to bring your way. there has been some movement. i say some movement on the plans to avoid the fiscal cliff. and when i say some movement it means plan b because republicans are apparently readying something to consider plan b to try to avoid going off the fiscal cliff. we are counting down two weeks until the deadline. the deal has to be made before then. the republicans are saying that a counteroffer came their way from president obama on taxes and spending as quote not there yet. dana bash joins me live from capitol hill. i know that the speaker of the house spoke just last hour about his concerns and thoughts moving forward. are we getting anything other than rhetoric and platitudes? are we finding further movement ahead? >> reporter: we are definitely getting a lot of rhetoric and platitudes. high stakes positioning and tactical positioning right now as we get closer to that deadline. but big picture of what is going on is that the house speaker went into a meeting and announced he was going to move forward to plan b. what is p
. >>> some business out of washington to bring your way. there has been some movement. i say some movement on the plans to avoid the fiscal cliff. and when i say some movement it means plan b because republicans are apparently readying something to consider plan b to try to avoid going off the fiscal cliff. we are counting down two weeks until the deadline. the deal has to be made before then. the republicans are saying that a counteroffer came their way from president obama on taxes...
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is lisa sylvestor is in washington, d.c. this morning. >> i know you know this but they say when you become a parent that a little bit of your heart lives outside you but for many parents this tragedy hit upon their worst fears. how do you keep your kids safe when they are away from you at school? >> you try not to think about it but it is difficult. >> reporter: gina has a hard time holding back the tears. >> it is heartbreaking. it's very difficult to imagine and i can't imagine being one of those parents. >> reporter: what happened in newtown, connecticut could have happened in any town. it is one of the quiet fears parents have that has now risen to the surface. page anderson has a 6-year-old daughter. >> my daughter was telling me that they did a drill last week so i think they do them on a regular basis. you can't prepare for every eventuallity. >> reporter: schools are reviewing programs. high schools in virginia have trained police officers on campus. middle schools and elementary schools require all visitors to be b
is lisa sylvestor is in washington, d.c. this morning. >> i know you know this but they say when you become a parent that a little bit of your heart lives outside you but for many parents this tragedy hit upon their worst fears. how do you keep your kids safe when they are away from you at school? >> you try not to think about it but it is difficult. >> reporter: gina has a hard time holding back the tears. >> it is heartbreaking. it's very difficult to imagine and i...
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finally, do i think washington, d.c. needs to get its act together and enact stricter gun control laws at the federal level? you bet i do. i'm confident, especially after hearing the president and his address today that perhaps -- and the comments of our own delegate organization that perhaps the debate will be renewed in washington and lead to a different result, one other than the result that allowed the assault weapons ban to have expired. the debate is already playing out on the national level. if connecticut or i can be a voice on that level, we are prepared to enter that state right now. our focus now is to help get through this terrible time. first, offers of financial assistance, generous offer, are pouring in. i've asked my staff to handle all of this in an organized fashion. i expect to have something further to announce about this in the next day or two. i know that the community of new town is working with united way on this very subject as well and has set up a fund there. second, i've signed an executive or
finally, do i think washington, d.c. needs to get its act together and enact stricter gun control laws at the federal level? you bet i do. i'm confident, especially after hearing the president and his address today that perhaps -- and the comments of our own delegate organization that perhaps the debate will be renewed in washington and lead to a different result, one other than the result that allowed the assault weapons ban to have expired. the debate is already playing out on the national...
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we'll go live to washington to find out. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> more than 140,000 people have signed a petition urging the obama administration to propose limits on gun ownership. this is the petition. it's posted on the white house website's we the people section. and it reads "while a national dialogue is critical, laws are the only means in which we can reduce the number of people murdered in gun-related deaths. powerful lobbying groups allow the ownership of guns to reach beyond the constitution's intended purpose of the right to bear arms." well, the white house has to respond to petitions that receive more than 25,000 signatures. so several democratic lawmakers, they are proposing new restrictions on guns in the aftermath of the school shooting, th
we'll go live to washington to find out. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> more than 140,000 people have signed a petition urging the obama administration to propose limits on gun ownership. this is the petition. it's posted...
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, and obviously he has a lot of pressing business in washington as well. we have breaking news out of the white house. i want to take you now to my colleague, dan lothian, who's covering for me down there. exactly what's happening, dan? >> reporter: well, we have learned from a white house official that president obama is meeting here at the white house with house speaker boehner to discuss the fiscal cliff negotiations. as you know, there have been phone calls, and there's been a lot of optimism in recent days because of some willingness, apparently, to compromise on the part of republicans. and so this meeting taking place within the hour here at the white house. it's unclear whether what we're seeing here is the last few minutes before a formal agreement is reached or still some tough issues to work out. but what i can confirm is that speaker boehner and the president meeting here at the white house to discuss those ongoing negotiations to avoid the fiscal cliff. >> reporter: all right, dan lothian for us. thank you. i want to go over to capitol hill no
, and obviously he has a lot of pressing business in washington as well. we have breaking news out of the white house. i want to take you now to my colleague, dan lothian, who's covering for me down there. exactly what's happening, dan? >> reporter: well, we have learned from a white house official that president obama is meeting here at the white house with house speaker boehner to discuss the fiscal cliff negotiations. as you know, there have been phone calls, and there's been a lot of...